Investment manager Barings has acquired a built-to-rent project in Sweden on behalf of a European value-add real estate strategy.

Barings said it has acquired the 243-unit project, which is spread across six residential buildings in Tumba on the outskirts of Stockholm, with Innovation Properties serving as the residential developer.

Andreas Norberg, managing director and country head Nordics at Barings Real Estate, said: “This transaction reflects our continued commitment to the Nordic living sector. By entering the project at an early stage and utilising our boots-on-the-ground expertise, we have supported the finalisation of the detailed zoning plan.

“This positions the project for delivery while offering investors exposure to Stockholm’s build-to-rent market, which is supported by attractive long-term fundamentals and a structural undersupply of housing. In addition to this investment, we still have capacity for more residential development in the Nordics and are evaluating appropriate opportunities.”

Gunther Deutsch, managing director, head of European transactions at Barings Real Estate, said: “This investment demonstrates our ability to source and structure early‑stage residential development opportunities in markets and where supply‑demand dynamics remain highly supportive.

Deutsch added that, following a €580m investment across 10 transactions in 2025, Barings remains active in the living sector, targeting core to value-add real estate opportunities in the Nordics alongside other priority European markets such as Iberia, France, Italy, the UK, Germany, the Netherlands and Ireland.  

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